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Guernsey has not only followed through its 2002 commitment to observe the OECD principles on transparency and exchange of information for tax purposes, but has made substantive developments in expanding its exchange of information network, according to a report published by the Global Forum on Transparency & Exchange of Information for Tax Purposes.
The report also confirms that Guernsey has in place all the necessary legal and regulatory powers to ensure it can meet the internationally agreed standard on obtaining and exchanging information for tax purposes.
Guernsey’s Chief Minister, Lyndon Trott, says: “I am delighted that, hard on the heels
- 10/03/2011
Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) gained across every major strategy in February. The GGHFI gained 1.28% compared to global equity returns in the S&P 500 Total Return +3.43%, MSCI World Equity +3.33%, and FTSE 100 +2.24% equity indices. Some 75% of constituent funds in the GGHFI ended the month with gains.
“Hedge funds were led by directional strategies in February given the rise in equities and surging commodity prices,” says Clint Binkley, Senior Vice President. “Tension in the Middle East is being overshadowed by strong corporate earnings and continued economic recovery which is reflected
- 10/03/2011
KIS Capital an Australian-based hedge fund with an Asia ex-Japan focus primarily trading equities, options, warrants and convertibles, has selected Imagine Software’s award-winning ASP service for real-time portfolio and risk management.
In response to investor interest following recently published results that show a return of over 40 per cent since its October 2009 launch, KIS Capital is in the process of launching an off-shore vehicle, managed in parallel with the Australian fund.
After careful consideration of the leading solutions on the market, Imagine was selected due to its ease of use, depth of functionality, asset-class coverage and superior
- 09/03/2011
GAM has collaborated with Fermat Capital Management to launch GAM FCM Cat Bond. GAM has invested with Fermat for over six years and now has an exclusive arrangement to offer this fund to the broader market place.
The fund’s objective is to capture the structural return from the catastrophe market via a portfolio focused on catastrophe bonds and complimented by exposure to other insurance linked securities (ILS) to produce attractive, consistent returns which are uncorrelated to traditional asset classes.
Dr John Seo (pictured), Co-Founder and Managing Principal at Fermat Capital Management says: “Given catastrophe bonds’ unique underlying risks, they are
- 09/03/2011
In an open letter of March 8, 2011 addressed to the Chair of the Economic and Monetary Affairs Committee of the European Parliament, Sharon Bowles, and Pascal Canfin, the Committee’s Rapporteur on the draft EU regulation on short selling and credit default swaps, EDHEC-Risk Institute has warned of the dangers of prohibiting “naked” sales of sovereign credit default swaps.
Besides the fact that the lack of convergence on these issues with the US authorities leaves little hope of the measures being effective, EDHEC-Risk Institute thinks that this ban would pose numerous problems and run up against legal and practical obstacles
- 09/03/2011
As finance professionals come to grips with the fast-paced regulatory changes descending on the industry, having a robust institutional-grade solution for effective real-time portfolio and risk management is becoming paramount.
Buy-side professionals with precise knowledge of their portfolios’ behaviour can react quickly to market volatility and make well-informed decisions that generate the highest returns possible for investors. In an age where speed governs everything, being able to demonstrate ”market agility” is becoming a key differentiator in today’s financial markets.
How does a buy-side professional achieve this goal? “If you’re a trader at an investment bank all the data processing, reporting,
- 09/03/2011
By James Williams – Depending on which figures you refer to, the US hedge fund market did pretty okay in 2010: not great, but steady. Morningstar’s US Equity Hedge Fund Index rose 13.4 per cent. According to Hedge Fund Research, hedgies gained 10.4 per cent. When you consider, however, that the Standard & Poor’s 500 gained 15.1 per cent, and the Dow Jones 11 per cent, just how much “alpha” did US hedge funds really capture?
One thing is certain: North America in 2010 was the most successful hedge fund region. Scan Bloomberg’s recently published “100 Top-Performing Large Hedge Funds
- 09/03/2011
Molinero Capital Management has recruited a new Applied Research Group comprised of three senior researchers. The researchers were previously trading at Louis Dreyfus Commodities and represent on a combined basis about 40 years of trading experience.
Rafael Molinero says: “We always have put an emphasis on quantitative research and also truly believes to be critical of our success. This is a great opportunity for us to work with talented and like minded individuals with whom we share the same values while having complimentary knowledge. We are simply thrilled and look forward to working together.”
The Molinero Capital Management team
- 09/03/2011
- 09/03/2011
The number of equity mandates awarded by global professional services company Towers Watson’s (NYSE, NASDAQ: TW) clients worldwide in 2010 increased by over 30% from 2009, while the number of hedge fund mandates grew by 50% during the same period.
At the same time, the number of bond mandates fell by 30%, with US and European bonds showing the most significant fall in demand from the previous year. Private markets attracted significantly more interest from investors in 2010 than in 2009, with the number of mandates growing 73%, led by renewed interest in direct real estate and distressed debt.
“Increased selection
- 09/03/2011
PerTrac has been recognised by industry publisher Hedgeweek as the “Best Risk Management Software Provider.”
Global Fund Media, parent company of Hedgeweek, polled its 60,000 readers, including more than 20,000 institutional investors, and asked them to assess the best hedge fund performers and service providers during 2010. The results of the Hedgeweek Awards 2011 were culled from over 1,000 responses, and winners were those companies that received the greatest number of votes in their category. When asked why they selected PerTrac RiskPlus, Hedgeweek readers cited its ease of use, its flexibility and the breadth of its risk analysis as key product
- 09/03/2011
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